Contents
Foreword
Introduction
Dirk Niepelt
Part I: Considerations
Central bank digital currency, bank intermediation and payments
Jonathan Chiu and Francisco Rivadeneyra
Information, privacy and central bank digital currency
Todd Keister and Cyril Monnet
Central bank digital currencies and data in the digital age: A triple imperative
Raphael Auer, Sebastian Doerr, Jon Frost, Leonardo Gambacorta and Hyun Song Shin
The right and duty of central banks to issue retail digital currency
Corinne Zellweger-Gutknecht
‘Reserves for All:’ Political rather than macroeconomic risks
Dirk Niepelt
Facing the central bank digital currency trilemma
Linda Schilling, Jesús Fernández-Villaverde and Harald Uhlig
Can central bank digital currency transform digital payments?
Antonio Fatas
Central bank digital currency: Is it really worth the risk?
Stephen G. Cecchetti and Kermit L. Schoenholtz
Central bank digital currency, FinTech and private money creation
Markus Brunnermeier and Jonathan Payne
How will digital money impact the international monetary system?
Tobias Adrian and Tommaso Mancini-Griffoli
Stablecoins as alternatives for central bank digital currency?
Quentin Vandeweyer
Part II: Projects
An overview of the Bank of Canada CBDC project
Jonathan Chiu and Francisco Rivadeneyra
The role of central banks when cash is no longer king: Perspectives from Sweden
Martin Flodén and Björn Segendorf
The Eurosystem’s digital euro project: Preparing for a digital future
Katrin Assenmacher and Ulrich Bindseil
Central bank digital currency: A solution in search of a problem?
Christopher J. Waller
On the necessity and desirability of a central bank digital currency
David Andolfatto
Building a stronger financial system: Opportunities for a digital dollar
Darrell Duffie
How to provide a secure and efficient settlement asset for the financial infrastructure of tomorrow
Andréa M. Maechler and Andreas Wehrli
Central bank digital currencies: Taking stock of architectures and technologies
Raphael Auer, Giulio Cornelli and Jon Frost